What is the required timeframe for AIRA Fitness Franchising LLC to provide the Franchise Disclosure Document in Michigan before executing any binding franchise agreement?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
If AIRA Fitness Franchising LLC offers you a franchise, it must provide this disclosure document to you 14 calendar-days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale (or sooner if required by state law). New York requires that we give you this disclosure document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship. Michigan requires that we give you this disclosure document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first.
If AIRA Fitness Franchising LLC does not deliver this disclosure document on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and the state agencies listed in Exhibit A to this disclosure document.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, Michigan requires that Aira Fitness provide the Franchise Disclosure Document to prospective franchisees at least 10 business days before the execution of any binding franchise or other agreement. This timeframe also applies before the payment of any consideration, whichever event occurs first.
This disclosure period is designed to allow potential franchisees adequate time to review the FDD and seek professional advice before committing to the franchise. The 10-business-day period in Michigan is intended to ensure franchisees are making informed decisions.
It's important to note that failure by Aira Fitness to deliver the FDD on time, or if the document contains false, misleading, or omits material information, it may constitute a violation of federal and state laws. In such cases, the FDD advises that the issue should be reported to the Federal Trade Commission and the relevant state agencies listed in Exhibit A of the FDD.